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BestPractices

Showing 37-45 of 56 results
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Making Your Software Work For You: an ERP Implementation Tutorial

by Ted Bartlett

In the life of almost any growing enterprise, there comes a point in time when the existing systems and processes become insufficient. For most enterprises at this key inflection point, implementing enterprise resource planning (ERP) software, which integrates all areas of the business, can help to overcome this issue. This article provides enterprise leaders with the benefits and risks of ERP, as well as a detailed step-by-step implementation guide.

19 minute readContinue Reading
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What’s My Return on Investment and How Do I Calculate It?

by David Bradshaw

Finding out your return on investment from a project can become a subjective process with the myriad of returns measures and formulas that exist. This overview provides a breakdown and explanation of what type of return you need to measure and how to calculate it. With further guidance on how to use returns data to guide objective decision making.

16 minute readContinue Reading
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Biotech Valuation Idiosyncrasies and Best Practices

by Raphael Rottgen, CFA FRM

Biotech companies with little to no revenue can still be worth billions. Consider the most prominent 2017 biotech M&A deal when Gilead bought Kite Pharma for almost $12 billion. At the time of the deal, Kite had over $600 million in accumulated deficit, but it also had a pipeline of CAR-T cell therapies, which treat cancer. This article examines how to value such pipelines. It also focuses on the risk-adjusted NPV valuation methodology, portfolios of multiple drug candidates, and how value is impacted by the characteristics of the investor or acquirer.

22 minute readContinue Reading
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Real Estate Valuation Using Regression Analysis – A Tutorial

by Daniel Barr, CFA, CAIA

Traditional approaches to valuing real estate can lean towards the qualitative side, relying more on intuition over sound rationale. Linear regression analysis, however, can offer a robust model for using past transactions in an area, to provide better guidance on property valuations.

21 minute readContinue Reading
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M&A Negotiation Tactics and Strategies: Tips from a Pro

by Javier Enrile

Mergers and acquisitions are headline-grabbing events that are often the pinnacle of a CEO’s career. But they also often fail to generate value, as numerous studies over the years have shown. With over 15 years of experience doing M&A deals, Toptal Finance Expert Javier Enrile shows that the main reason for disappointing results is simple: Most people think M&A is merely an exercise of agreeing on a price for the deal. What they fail to understand is that there is a science to doing M&A that often makes the difference between a deal being successful or not. In this article, Enrile runs through three key tactics for ensuring your company can get the most value out of an M&A transaction.

19 minute readContinue Reading
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How to Understand and Appraise Private Real Estate Fund Investing

by Martin Kemeny

The extent of investing in real estate for most individuals is in the bricks and mortar of their own house. For braver investors, there are a range of other options, the most notable being private real estate offerings. Similar to PE and VC funds, these structures can allow for tailored investments in skilled management teams undertaking complex projects.

16 minute readContinue Reading
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Mission Statements: How Effectively Used Intangible Assets Create Corporate Value

by Orinola Gbadebo-Smith

Of the three functional categories that drive value in business—i.e., the "hard," the "soft," and the "intangible"—mission statements comfortably reside in the third, alongside such concepts as brand and culture. But despite the skepticism that is often associated with this category, and having uncovered some of the greatest gems in the corporate arena, this article argues that mission statements, when crafted and utilized effectively, are capable of driving billions of dollars in value.

14 minute readContinue Reading
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Selling a Business for Maximum Value in a Challenging M&A Market

by William B. Doyle, Jr.

With $936 billion of uninvested private equity capital inching down market, why do 46% to 80% of lower middle market sell-side transactions fail to close? The usual answer is that companies are not ready for buyers’ examination and owners can be overly optimistic or even greedy. Business owners can do much more to put themselves in the driver’s seat. Success boils down to the following: (1) take the time and do the work to prepare for an exit transaction and (2) apply “intelligent greed” to close your best deal.

18 minute readContinue Reading
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Advanced Financial Modeling Best Practices: Hacks for Intelligent, Error-Free Modeling

by Alberto Mihelcic Bazzana

From abstract spreadsheets to real-world application, financial models have become an inextricable part of business life and an indispensable part of every company’s toolkit. But irrespective of its ubiquitousness as a productivity and decision-making tool, many out there still have a love-hate relationship with it. Finance expert Alberto Bazzana authors a comprehensive “how-to guide”, for both the novices and experts among us, detailing Wall Street’s best practices for intelligent, effective, and error-free financial modeling.

17 minute readContinue Reading

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